PANews reported on February 23, according to CoinDesk, that as macro uncertainties continue to disrupt the market, there are signs of stabilization in pre-market trading for cryptocurrencies and related stocks. Bitcoin briefly dropped to $64,400 on Sunday, then rebounded and stood back above the $66,000 mark. Previously, the new round of tariff plans proposed by U.S. President Donald Trump and the tension between the U.S. and Iran suppressed overall risk appetite.

As the publicly traded company with the largest Bitcoin holdings globally, Strategy (MSTR) fell about 2% in pre-market trading. Since launching its BTC treasury strategy in 2020, the company is expected to announce its 100th Bitcoin acquisition soon. Company chairman Michael Saylor has long been leading its Bitcoin allocation strategy.

Other cryptocurrency concept stocks have also narrowed their losses, with MARA Holdings (MARA), Coinbase (COIN), and Bullish (BULL) all down about 2%; AI concept mining companies IREN (IREN) and Cipher Mining (CIFR) have fallen about 1%, performing relatively well against the decline.

In terms of emotional indicators, the Crypto Fear and Greed Index has dropped to 6, hitting a new low for the phase, and has remained in the 'Extreme Fear' range for seven consecutive days. However, Bitcoin quickly recovered some of its losses, showing a certain demand for bottom-fishing at low levels.

Safe-haven assets have clearly benefited, with gold breaking above $5,100 per ounce and silver approaching $87; the US Dollar Index (DXY) remains high, operating below 98, with a strong dollar exerting some pressure on risk assets.